Update on payments and finances

This is an update on payments to YGSF instructors and therapists, as a follow up to the information presented at our staff meeting.

YGSF is in the process of having its record sales month. We’re happy to announce that on September 27, everyone will have received their payments for August, and that all past due invoices with instructors and all other vendors will be current. We paid two full month’s worth of payroll and expenses this month to get caught up.

Our next goal is to shorten the time that it takes to pay people within the 30-day payment period to 14 days. Then we will work on restoring our reserves, so that we don’t have a recurrance of this problem.

Thanks to everyone for their patience and participation in the problem solving. If you have any questions, please email David.